2. When the price was near that Support I opened the Order Flow chart and I wanted to see some confirmation. Confirmation which would tell me that the BIG guys are also trading this.
3. After the price hit the Support, huge volumes appeared on Bid. Those were most likely Buyers who entered Long trades with Limit orders.
*I was talking about this trade entry confirmation in an Order Flow webinar I had recently. You can watch the recording here:
4. I placed my Take Profit in a place where heavy volumes showed before. Heavy volume zones often work as Support/Resistance zones. Staying in a Long trade when it hits a volume-based Resistance would be risky.
I hope you guys liked the video, let me know what you think in the comments below!
Have a GREAT weekend